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Finance Executive

The Luxury Closet

The Luxury Closet

Accounting & Finance
Dubai - United Arab Emirates
Posted on Oct 10, 2024
The Luxury Closet is a company born in Dubai, the heart of luxury in the Arabian Peninsula, where we are redefining the world of luxury. We seek to challenge the norms and build a company that inspires the smart modern-day luxury consumer. We have learnt to dream big, think far, and do what no one thought possible. The Luxury Closet embodies these ideals and aims to build an iconic brand and company that will connect luxury connoisseurs and change the future of luxury shopping.

Our mission is to unlock the best luxury closets in the world and build a seamless and happy experience for sellers. We were ranked as the Top 100 Startups Globally by Red Herring in 2016 and Top 5 Startups in UAE by Forbes Magazine, 100 top companies that are changing the MENA region by World Economic Forum, however, we care less for accolades, than our NPS.

Some facts about The Luxury Closet:

  • TLC has raised $18m till date across 3 funding rounds
  • TLC focuses on resale of perfect condition items from high end brands like LV, Hermes, and Rolex from sellers across Middle East, which globally has the highest per capita spend on luxury
  • Founded in 2012, it has expanded rapidly and delivered robust growth. TLC direct-to-consumer sales in MENA represent 60% of revenues and overwhelmingly extend to 40% from Asia to The USA
  • Resale has proved to be a Resilient and High growth Business Model, with TLC's sales growing nearly 100% YOY
  • TLC was ranked as Top 100 startups in Arab World by World Economic Forum https://widgets.weforum.org/arabstartups

This role will have primary day-to-day responsibility for planning, implementing, managing the financial-related activities of the company.

Responsibilities:-

  • Overseeing a company's income, investments and expenses
  • Writing financial reports and cash-flow statements
  • Communicating with other executives to maximise profits and decrease costs
  • Monitoring financial trends
  • Supervising staff and coordinating schedules
  • Authorizing budgets
  • Monitoring company finances
  • Performing data entry
  • Overseeing the completion of financial statements
  • Documenting standard operating procedures
  • Overseeing an organisation's financial health


Requirements

  • Degree in Finance, Commerce or similar field
  • Knowledge of Tally accounting software
  • Very strong Excel and PowerPoint skills
  • Experience of 1-2 years